HARBOR GROUP ACQUIRES NEW JERSEY OFFICE PROPERTY FOR $47M
SECAUCUS, N.J. — Affiliates of the Harbor Group International LLC have acquired 100 Plaza Drive, a 265,000-square-foot, four-story office building in Secaucus, for $47 million. Hartz Mountain sold the property, which is 90 percent leased. NBA Entertainment and Scholastic Corp. anchor the office building and occupy 81 percent of the total square footage. The property includes 105 below-grade parking spaces for tenant use, as well as access to a 1,250-space surface lot and 483-space parking deck adjacent to the property. NBA Properties recently invested $43 million in base building and infrastructure improvements to its space.